The current financial system doesn’t work for enough people, and growth has too often come at the expense of our planet and ordinary people.
But times have changed, and our systems must adapt to the growing challenges we all face.
Vancity is the first financial institution in Canada to provide mortgages to women without a male co-signer. At the time, even if a woman had an income, banks deemed it too risky to provide any loans, let alone mortgages, to women.
Vancity introduces Plan 24 - the first daily interest savings account in Canada which provides a fairer and more accurate way to pay and charge interest. The account model takes off helping credit unions prosper over the next decade.
BC Unity Credit Union (BCUCU), the first credit union to serve the Black community in Vancouver, merges with Vancity.
Vancity joins the first international ATM network (The Exchange) and becomes the first financial institution to offer tax preparation service to its regular members.
Vancity is the first full-service financial institution to offer its own socially-responsible mutual funds - the Vancity Circadian Funds.
Vancity offers Canada's first socially responsible mutual fund, the Ethical Growth Fund.
Vancity is the first Canadian financial institution to offer a Registered Education Savings Plan (RESP).
Vancity members establish the Vancity Community Foundation, a co-operative version of philanthropy.
Vancity is the first in Canada to contribute its credit card profits to grants for environmental initiatives by establishing the EnviroFund.
Vancity offers the first Community Investment Deposit in Canada, providing 1% below normal interest rates which is then passed on to finance community projects.
Vancity members voted to award the first annual $1-million Vancity Award to Better Environmentally Sound Transportation (BEST) to build the Central Valley Greenway—a 24-kilometre pedestrian and cyclist route to run from New Westminster to Vancouver.
Vancity is the first Canadian financial institution to market to the gay and lesbian community through mainstream advertising.
Vancity is the first in Canada to offer specialized financing for energy efficient home renovations through the introduction of Vancity's Bright Ideas Home Financing.
Vancity receives the Best Practices Award from the American Psychological Association for healthy workplaces—a first for any Canadian company.
Vancity is the first financial institution in North America to win a Ceres-ACCA North American Sustainability Reporting Award for its environmental, social and financial sustainability reporting.
Vancity achieves carbon neutrality; a first for a North American-based financial institution. Through a rigorous emissions reduction program, Vancity reaches this goal two years earlier than planned.
Vancity is the first credit union in Canada to participate in the First Nations Market Housing Fund, which facilitates and broadens the range of housing options for residents of First Nations communities.
Dockside Green Biomass Heat Generation Plant, co-developed by Vancity and Windmill West, becomes the first greenhouse gas positive community in North America.
Vancity becomes the largest organization in Canada to adopt the Living Wage policy of paying employees and service providers a wage that meets their basic living needs.
Vancity becomes a founding partner of Reconciliation Canada in support of Aboriginal Communities and the process of reconciliation.
Vancity provides a capital grant and pre-development loan to build the Immigrant Services Society of BC (ISSofBC) Welcome Centre, the world's first integrated housing and settlement support services hub for newcomers and refugees.
Vancity launches the Fair and Fast Loan, a sustainable alternative to a payday lender. The loan offers a manageable rate, more flexible payback schedule, and eligibility based on your income—not your credit score.
Vancity opens the Cormorant Island Community Branch; a partnership with the ‘Namgis First Nation and the Village of Alert Bay.
Reconciliation becomes a core value at Vancity, with a commitment to ensure equitable access to opportunities and build meaningful relationships with Indigenous partners.
Vancity partners with the Government of Canada on the Affordable Housing Innovation Fund to provide financing for new affordable rental housing developments.
Vancity signs the GABV Climate Change Commitment pledging to measure and disclose the carbon impact of our loans and investments.
Vancity joins the 50-30 Challenge, a federal initiative to strengthen diversity in corporate leadership in Canada. We aim to exceed this target by having a senior leadership team where at least 40% identify as BIPOC, LGBTQ2S+ and people living with disabilities by 2025.
Vancity offers the Black Entrepreneurship Program, in partnership with the Federation of African Canadian Economics (FACE), to provide Black business owners and entrepreneurs with barrier-free access to business funding, tailored advice, and more.
Vancity was the first Canadian financial institution to join the UN's Collective Commitment to Climate Action and becomes North America's representative on the Board overseeing the implementation of the Principles.
Pigeon Park Savings becomes the only bank in Vancouver's Downtown Eastside to remain open during the COVID-19 pandemic crisis.
Vancity sets ambitious climate commitments, including achieving net-zero by 2040 across all its mortgages and loans.
Vancity Community Investment Bank partners with the Six Nations of the Grand River Development Corporation to refinance the second-largest wind farm in Ontario.
Vancity is the first Canadian financial institution to set reduction targets for financed emissions under the guidelines of the UN Net Zero Banking Alliance (NZBA).
Vancity creates the Non-Profit Housing Retrofit Program, providing $5 million by 2025 to non-profit housing providers for energy retrofit projects.
Vancity develops Wealth Mindset, an Indigenous taught and led financial education workshop. Created with guidance from Elders and our Indigenous colleagues, the courses build financial skills, celebrate Indigenous resilience, and aims to remove barriers for Indigenous people to build wealth.
Vancity is the first in Canada to offer credit card holders the option to estimate the carbon footprint that come from their purchases.
Vancity launches Non-profit Housing Retrofit Program to support climate-friendly affordable housing.
Vancity Community Investment Bank (VCIB) finances the world’s largest wastewater energy transfer project to supply renewable energy to Toronto Western Hospital.
Vancity commits to the Progressive Aboriginal Relations (PAR) certification program by the Canadian Council for Aboriginal Business.
Vancity Investment Management (VCIM) commits to reach net-zero by 2050 across the investment portfolios it manages.
Vancity is a member-owned credit union built on the principles of inclusion and social justice. Our relentless commitment to our values has helped us challenge the status quo and break down barriers since day one in 1946.
We are a financial force for change: part of a positive movement to make the world a better place.
When your money is changing the world, you are changing the world.Join Vancity